TY 2019 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)
(1) GARY STREIT...................................................................... CHAIR	5.00 ................. 1.00	X	X
(2) RICHARD MAHONEY...................................................................... VICE CHAIR	2.00 ................. 0.00	X	X
(3) KATHY HOWELL...................................................................... SECRETARY	2.00 ................. 0.00	X	X
(4) MARY JANE HAGENSON...................................................................... TREASURER	2.00 ................. 0.00	X	X
(5) JON FLEMING...................................................................... DIRECTOR	1.00 ................. 0.00	X
(6) LARRY PITHAN...................................................................... DIRECTOR	1.00 ................. 1.00	X
(7) BARBARA JANSON...................................................................... DIRECTOR	1.00 ................. 0.00	X
(8) CRAIG DENNY...................................................................... DIRECTOR	1.00 ................. 0.00	X
(9) DAVID KINGLAND...................................................................... DIRECTOR	1.00 ................. 0.00	X
(10) GREGG BEHRENS...................................................................... DIRECTOR	1.00 ................. 0.00	X
(11) JAMES FREIN...................................................................... DIRECTOR	1.00 ................. 0.00	X
(12) ROGER UNDERWOOD...................................................................... DIRECTOR	1.00 ................. 0.00	X
(13) RON HALLENBECK...................................................................... DIRECTOR	1.00 ................. 1.00	X
(14) RIC JURGENS...................................................................... DIRECTOR	1.00 ................. 0.00	X
(15) TERRY TOBIN...................................................................... DIRECTOR	1.00 ................. 0.00	X
(16) WENDY WINTERSTEEN...................................................................... DIRECTOR	1.00 ................. 1.00	X
(17) TED OBERLANDER...................................................................... DIRECTOR	1.00 ................. 0.00	X

(A) Name and business address	(B) Description of services	(C) Compensation
CAMBRIDGE ASSOCIATES LLC 4100 NORTH FAIRFAX DRIVE SUITE 130 ARLINGTON,VA222031664	CONSULTING	1,024,500
VIKING LONG FUND LP 55 RAILROAD AVE GREENWICH,CT068306378	INVESTMENT FEES	718,256
ADAGE 200 CLARENDON ST 52ND FL BOSTON,MA02116	INVESTMENT FEES	436,798
TWEEDY BROWNE COMPANY LLC METRO CENTER ONE STATION PLACE STAMFORD,CT06902	INVESTMENT FEES	416,629
KILTEARN PARTNERS INC 651 HOLIDAY DRIVE SUITE 300 PITTSBURGH,PA15220	INVESTMENT FEES	377,957
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 27

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2019

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	92,963,643	182,944,883	167,710,694	145,041,131	128,662,798	717,323,149
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	92,963,643	182,944,883	167,710,694	145,041,131	128,662,798	717,323,149
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						115,135,508
6	Public support. Subtract line 5 from line 4.						602,187,641

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
7	Amounts from line 4..	92,963,643	182,944,883	167,710,694	145,041,131	128,662,798	717,323,149
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	4,642,341	2,511,062	2,999,404	2,446,679	1,973,446	14,572,932
9	Net income from unrelated business activities, whether or not the business is regularly carried on..		717,082	37,920,968			38,638,050
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	44,470	265,264	45,557	39,824	661,851	1,056,966
11	Total support. Add lines 7 through 10						771,591,097

Gross receipts from related activities, etc. (see instructions) ..................

14,055,324

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 6, column (f) divided by line 11, column (f)) .........

78.040 %

Public support percentage for 2018 Schedule A, Part II, line 14 ...............

75.670 %

16a

33 1/3% support test—2019. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2018. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2018 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2019 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2018 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2019

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2019

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2019

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2019 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2019	(iii) Distributable Amount for 2019
1 Distributable amount for 2019 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2019:
a From 2014.......
b From 2015.......
c From 2016.......
d From 2017.......
e From 2018.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2019 distributable amount
i Carryover from 2014 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2019 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2019 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2020. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2015.....
b Excess from 2016.....
c Excess from 2017.....
d Excess from 2018.....
e Excess from 2019.....

Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	OTHER INCOME - 2015 AMOUNT: $ 44,470. 2016 AMOUNT: $ 265,264. 2017 AMOUNT: $ 45,557. 2018 AMOUNT: $ 39,824. 2019 AMOUNT: $ 661,851.
SCHEDULE A, PART II, LINE 10:	OTHER INCOME INCLUDES FEES FOR VARIOUS SERVICES AND OTHER MISCELLANEOUS INCOME.

Schedule A (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2

Name of organization IOWA STATE UNIVERSITY FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 3

Name of organization IOWA STATE UNIVERSITY FOUNDATION		Employer identification number 42-1143702

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 4


Name of organization IOWA STATE UNIVERSITY FOUNDATION			Employer identification number 42-1143702
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data

Software ID:
Software Version:

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SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	948,722,078	910,099,589	807,114,751	604,384,257	611,338,724
b	Contributions ...	27,587,958	38,146,182	68,511,427	85,731,410	36,833,992
c	Net investment earnings, gains, and losses	3,018,501	46,070,717	75,493,805	152,520,208	-9,515,406
d	Grants or scholarships ...	10,484,443	9,919,724	9,349,124	9,016,156	8,605,587
e	Other expenditures for facilities and programs ...	26,182,171	24,488,374	21,388,485	16,653,833	15,822,457
f	Administrative expenses ....	11,777,964	11,186,312	10,282,785	9,851,135	9,845,009
g	End of year balance ......	930,883,959	948,722,078	910,099,589	807,114,751	604,384,257

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

100.000 %

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

Yes

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	9,994,896	960,000		10,954,896
b	Buildings ....		4,585,685	2,175,968	2,409,717
c	Leasehold improvements
d	Equipment ....		1,042,485	948,361	94,124
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					13,458,737

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) EQUITY	455,947,091	F
(B) HEDGE FUNDS	189,022,944	F
(C) PRIVATE EQUITY	145,966,625	F
(D) NATURAL RESOURCES/COMMODITIES	37,139,613	F
(E) REAL ESTATE	20,713,816	F
(F) FIXED INCOME	80,802,779	F
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	929,592,868

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	43,767,819
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2019

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART V, LINE 4:	THE IOWA STATE UNIVERSITY FOUNDATION USES THE EARNINGS FROM THE ENDOWMENT FUNDS BASED UPON THE DONOR INTENT OF INDIVIDUAL ENDOWED ACCOUNTS. THESE USES INCLUDE COLLEGE PROGRAM SUPPORT, STUDENT FINANCIAL AID, FACULTY AND STAFF SUPPORT, RESEARCH, BUILDING, EQUIPMENT AND MAINTENANCE, AS WELL AS OTHER USES.
PART X, LINE 2:	THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. SUCH TAX POSITIONS, WHICH ARE MORE THAN 50% LIKELY OF BEING REALIZED, ARE MEASURED AT THEIR HIGHEST VALUE. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS.

Schedule D (Form 990) 2019

Additional Data

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SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization
IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(f) Total expenditures for and investments in the region
	CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	0	0	INVESTMENTS	203,944,658
	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	0	0	INVESTMENTS	2,334,674
	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	0	0	INVESTMENTS	2,467,993














3a	Sub-total ....	0	0		208,747,325
b	Total from continuation sheets to Part I ...	0	0		0
c	Totals (add lines 3a and 3b)	0	0		208,747,325

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2019

Schedule F (Form 990) 2019

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2019

Schedule F (Form 990) 2019Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2019

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2019

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
PART III ACCOUNTING METHOD:
SCHEDULE F, PART IV, LINE 4:	THE IOWA STATE UNIVERSITY FOUNDATION IS AN INDIRECT SHAREHOLDER IN VARIOUS PASSIVE FOREIGN INVESTMENT COMPANIES THROUGH ITS PARTNERSHIP INVESTMENTS. HOWEVER, BASED ON THE RULES OF FILING THE FORM 8621, NO FORM IS REQUIRED.

Schedule F (Form 990) 2019

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Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
IOWA STATE UNIVERSITY FOUNDATION

Employer identification number
42-1143702

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1) IOWA STATE UNIVERSITY BEARDSHEAR HALL AMES,IA50011	42-6004224	GOVERNMENT ENTITY	100,386,531	307,244	FMV	SEE PART IV	SEE PART IV
(2) ISU FACILITIES CORPORATION 2505 UNIVERSITY BOULEVARD AMES,IA50010	47-4757561	501(C)(3)	4,223				LEGAL FEES

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2019

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

PART I, LINE 2:

MONITORING COMPLIANCE WITH DONOR INTENT IS A COLLABORATIVE EFFORT BETWEEN GIFT FUND ADMINISTRATORS AT IOWA STATE UNIVERSITY AND THE DONOR COMPLIANCE SERVICES TEAM AT THE FOUNDATION. UNIVERSITY PERSONNEL ARE RESPONSIBLE FOR MONITORING EXPENDITURES FOR APPROPRIATENESS AND ALLOWABILITY. THE DONOR COMPLIANCE SERVICES TEAM STRIVES TO MONITOR THE EXPENDITURES AND BALANCES OF THE VARIOUS ACCOUNTS, WITH THE FOCUS ON DONOR INTENT, AS WELL AS DEVELOP STRATEGIES TO ENSURE DONOR COMPLIANCE WITH THE DONOR GIFT AGREEMENTS IN PLACE.

PART II, LINE 1(G) & 1(H)

NAME OF THE ORGANIZATION OR GOVERNMENT: IOWA STATE UNIVERSITY (G) DESCRIPTION OF NON-CASH ASSISTANCE: PUBLICLY TRADED SECURITIES, BOOKS, ART AND OTHER NON-CASH GIFTS (H) PURPOSE OF GRANT OR ASSISTANCE: GRANTS ARE PROVIDED TO IOWA STATE UNIVERSITY IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, LOANS, AWARDS), FACULTY AND STAFF SUPPORT (ENDOWED FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), PROGRAM SUPPORT (ACADEMIC AND OUT-OF-CLASSROOM PROGRAMS AND CAMPUS ORGANIZATIONS), AND FACILITIES SUPPORT (BUILDING CONSTRUCTION AND RENOVATION, EQUIPMENT).

Schedule I (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2019

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1LARISSA HOLTMYER JONES PRESIDENT AND CEO	(i) (ii)	386,261 ------------- 0	0 ------------- 0	31,130 ------------- 0	28,000 ------------- 0	19,527 ------------- 0	464,918 ------------- 0	0 ------------- 0
2LISA ESLINGER CHIEF FINANCIAL/ADMIN OFFICER	(i) (ii)	231,521 ------------- 0	0 ------------- 0	2,808 ------------- 0	23,680 ------------- 0	17,513 ------------- 0	275,522 ------------- 0	0 ------------- 0
3JEREMY GALVIN VP FOR DEVELOPMENT	(i) (ii)	227,215 ------------- 0	0 ------------- 0	1,249 ------------- 0	22,833 ------------- 0	12,593 ------------- 0	263,890 ------------- 0	0 ------------- 0
4STEVE BIEVER VP FOR DEVELOPMENT	(i) (ii)	226,198 ------------- 0	0 ------------- 0	1,249 ------------- 0	22,833 ------------- 0	19,544 ------------- 0	269,824 ------------- 0	0 ------------- 0
5KELLY HANFELT ASSISTANT VP OF DEVELOPMENT	(i) (ii)	148,977 ------------- 0	0 ------------- 0	707 ------------- 0	15,354 ------------- 0	19,872 ------------- 0	184,910 ------------- 0	0 ------------- 0
6MICHAEL WAHLIN ASSISTANT VP OF INVESTMENTS	(i) (ii)	139,302 ------------- 0	0 ------------- 0	1,578 ------------- 0	14,210 ------------- 0	20,106 ------------- 0	175,196 ------------- 0	0 ------------- 0
7ROBERT KINSEY ASSISTANT VP OF DEVELOPMENT	(i) (ii)	137,584 ------------- 0	0 ------------- 0	650 ------------- 0	14,214 ------------- 0	21,947 ------------- 0	174,395 ------------- 0	0 ------------- 0
8ROSA UNAL ASSOC VP/CHIEF INFO OFFICER	(i) (ii)	144,761 ------------- 0	0 ------------- 0	20,890 ------------- 0	16,673 ------------- 0	20,305 ------------- 0	202,629 ------------- 0	0 ------------- 0
9RYAN HARMS EXEC DIR OF DEVELOPMENT	(i) (ii)	128,829 ------------- 0	0 ------------- 0	1,144 ------------- 0	12,981 ------------- 0	18,304 ------------- 0	161,258 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2019

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 1A	WHEN THERE IS A BUSINESS PURPOSE, OCCASIONAL PRIVATE/CHARTER AIRCRAFT ARE USED. TRAVEL FOR COMPANIONS WAS PROVIDED WHEN THERE WAS A BUSINESS PURPOSE FOR THE COMPANION ATTENDING THE FUNDRAISING EVENT. THESE BENEFITS ARE CONSIDERED BUSINESS EXPENSES AND THEREFORE ARE NOT CONSIDERED TAXABLE INCOME TO THE INDIVIDUALS.
SCHEDULE J, PART II:	ALL EMPLOYEES PARTICIPATE IN A RETIREMENT PLAN CONSISTING OF A 403(B) DEFINED CONTRIBUTION PLAN.

Schedule J (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	5	23,270	OPINIONS OF EXPERTS
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X		3,868	OPINIONS OF EXPERTS
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	191	10,341,163	COST OR SELLING PRICE
10 Securities—Closely held stock .	X	1	212,548	COST OR SELLING PRICE
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..	X	579	4,930,693	COST OR SELLING PRICE
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...	X	1	403,932	COMPARABLE PROPERTIES
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....	X	8	13,332	OPINIONS OF EXPERTS
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( NEW FUNDS HELD IN TRUST )	X	2	6,131,515	COMPARABLE PROPERTIE
26 Other ( OTHER )	X	96	2,678,432	REPLACEMENTS COST
27 Other ( SURRENDERED LIFE INSURANCE POLICY )	X	1	146,335	COST OR SELLING PRIC
28 Other ( GRAIN )	X	9	67,827	COST OR SELLING PRIC

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

Yes

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2019)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
PART I, COLUMN (B):	THIS REPRESENTS THE NUMBER OF CONTRIBUTORS.
PART I, LINE 32B:	THE IOWA STATE UNIVERSITY FOUNDATION HIRES REAL ESTATE COMPANIES OR SIMILAR ORGANIZATIONS TO SELL ANY REAL ESTATE PROPERTY. VARIOUS STOCK GIFTS ARE SOLD THROUGH STOCK BROKERS WHERE THE ISU FOUNDATION HOLDS AN ACCOUNT.

Schedule M (Form 990) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Return Reference	Explanation
FORM 990, PART III, LINE 1:	IOWA STATE UNIVERSITY FOUNDATION'S MISSION IS TO ALIGN DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS. THE FOUNDATION MAXIMIZES PHILANTHROPY IN SUPPORT OF IOWA STATE UNIVERSITY - ITS STUDENTS, FACULTY AND PROGRAMS. THIS IS ACCOMPLISHED BY PROMOTING AND NURTURING VOLUNTEERISM AND PHILANTHROPY, COLLABORATING AND BUILDING PARTNERSHIPS WITH UNIVERSITY ADMINISTRATORS AND FACULTY, BUILDING LONG-TERM RELATIONSHIPS WITH DONORS WHILE REPRESENTING THEIR NEEDS AND INTERESTS, OPERATING WITH OPENNESS AND TRANSPARENCY WHILE HONORING DONORS' PRIVACY, AND PROVIDING FOUNDATION STAFF AND VOLUNTEERS WITH THE TOOLS AND RESOURCES NEEDED TO ACHIEVE THESE GOALS. THE FOUNDATION RAISED OVER $154 MILLION IN NEW GIFTS AND COMMITMENTS FOR THE YEAR ENDING ON JUNE 30, 2020. THESE RESULTS WERE DUE TO THE GENEROUS SUPPORT OF OVER 29,000 BENEFACTORS, INCLUDING NEARLY 4,000 FIRST-TIME DONORS. AS A LAND-GRANT UNIVERSITY, IOWA STATE IS COMMITTED TO THE MISSION OF PROVIDING OPPORTUNITIES FOR STUDENTS OF ALL BACKGROUNDS TO ACCESS AND OBTAIN A HIGH-QUALITY COLLEGE EDUCATION. ON JULY 1, 2012, THE IOWA STATE UNIVERSITY FOUNDATION LAUNCHED FOREVER TRUE, FOR IOWA STATE, AN EIGHT-YEAR CAMPAIGN WITH A GOAL TO RAISE $1.1 BILLION, WHICH SUPPORTS THE UNIVERSITY'S VISION TO MAKE IOWA STATE THE PREMIER LAND-GRANT UNIVERSITY FOR THE 21ST CENTURY. CAMPAIGN PRIORITIES INCLUDE FUNDING FOR RESEARCH, FACULTY, STUDENT SCHOLARSHIPS, NEW FACILITIES AND INNOVATIVE PROGRAMMING, AMONG OTHERS. FUNDS RAISED DURING THIS CAMPAIGN HAVE THE POTENTIAL TO TRULY TRANSFORM THE UNIVERSITY. AS OF OCTOBER 2018, THE CAMPAIGN GOAL OF $1.1 BILLION WAS SURPASSED AND THE CAMPAIGN WAS EXTENDED TO JUNE 30, 2021 WITH A NEW GOAL OF $1.5 BILLION. AS OF JUNE 30, 2020, CAMPAIGN SUPPORT HAS SURPASSED $1.3 BILLION.
FORM 990, PART VI, SECTION A, LINE 6	AS OF THE EFFECTIVE DATE OF THE AMENDED AND RESTATED BYLAWS, THE CORPORATION HAS MEMBERS WHICH ARE KNOWN AS THE "IOWA STATE UNIVERSITY FOUNDATION GOVERNORS." EACH MEMBER SHALL SERVE UNTIL DEATH OR UNTIL RESIGNATION OR REMOVAL PURSUANT TO THE AMENDED AND RESTATED BYLAWS. ADDITIONAL PERSONS MAY BECOME MEMBERS UPON NOMINATION BY ANOTHER MEMBER, FOLLOWED BY RECOMMENDATION BY THE GOVERNOR MEMBERSHIP COMMITTEE, APPROVAL BY THE BOARD OF DIRECTORS AND ELECTION BY THE CORPORATION'S MEMBERS AT ANY ANNUAL OR SPECIAL MEETING. THE AFFAIRS AND BUSINESS OF THE CORPORATION SHALL BE CONDUCTED BY A BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS IS COMPOSED OF UP TO TWENTY (20) DIRECTORS ALLOCATED AMONG FOUR CLASSES OF DIRECTORS. A) CLASS A DIRECTORS SHALL BE BETWEEN TEN (10) AND TWELVE (12) IN NUMBER, AND SHALL BE ELECTED FROM AND BY THE MEMBERS OF THE CORPORATION UPON NOMINATION BY THE BOARD GOVERNANCE COMMITTEE AND APPROVAL BY THE BOARD OF DIRECTORS. THE TERM OF EACH CLASS A DIRECTOR SHALL COMMENCE WITH THE START OF THE CORPORATION'S FISCAL YEAR IMMEDIATELY FOLLOWING SUCH DIRECTOR'S ELECTION AND SHALL CONTINUE UNTIL THE EXPIRATION OF THE FOURTH FISCAL YEAR THEREAFTER, PROVIDED, HOWEVER, THAT ANY DIRECTOR ELECTED TO FILL A VACANCY SHALL SERVE FOR THE REMAINDER OF THE VACATED TERM. EACH CLASS A DIRECTOR MAY SERVE UP TO TWO (2) TERMS, WHICH MAY BE CONSECUTIVE. B) CLASS B DIRECTORS SHALL CONSIST OF THOSE INDIVIDUALS WHO ARE MEMBERS OF THE CORPORATION WHO ARE NOT THEN-CURRENTLY SERVING AS CLASS A DIRECTORS, BUT WHO ARE NEVERTHELESS NOMINATED BY THE CHAIR AND SELECTED BY THE BOARD TO SERVE AS A CHAIR OF ONE OF THE FOLLOWING COMMITTEES OF THE BOARD; (I) AUDIT COMMITTEE (II)DEVELOPMENT COMMITTEE (OR CAMPAIGN COMMITTEE), (III) FINANCE COMMITTEE, (IV) INVESTMENT COMMITTEE, AND (V) BOARD GOVERNANCE COMMITTEE. CLASS B DIRECTORS SHALL SERVE FOR THE DURATION OF THEIR QUALIFYING CHAIRSHIP. C) THE CORPORATION SHALL HAVE ONE (1) CLASS C DIRECTOR WHO SHALL BE THE INDIVIDUAL THEN-SERVING AS PRESIDENT OR INTERIM PRESIDENT OF IOWA STATE UNIVERSITY. THE CLASS C DIRECTOR SHALL SERVE FOR THE DURATION OF HIS OR HER TENURE AS PRESIDENT OR INTERIM PRESIDENT OF IOWA STATE UNIVERSITY. D) THE CORPORATION MAY HAVE UP TO TWO (2) CLASS D DIRECTORS, WHO MAY OR MAY NOT BE MEMBERS OF THE CORPORATION, APPOINTED BY THE BOARD OF DIRECTORS AT A REGULAR OR SPECIAL MEETING. THE TERM OF EACH CLASS D DIRECTOR SHALL BE DESIGNATED BY THE BOARD OF DIRECTORS UPON SUCH APPOINTMENT. APPOINTMENT OF CLASS D DIRECTORS, IF ANY, SHALL BE WITHIN THE DISCRETION OF THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7B	EACH ACTIVE MEMBER OF THE CORPORATION PRESENT SHALL BE ENTITLED TO ONE VOTE ON ANY QUESTION PROPERLY COMING BEFORE THE MEMBERS AT AN ANNUAL OR SPECIAL MEETING. WHILE THE AFFAIRS AND BUSINESS OF THE CORPORATION ARE DIRECTED TO AND CONDUCTED BY THE BOARD OF DIRECTORS, THE MEMBERS OF THE CORPORATION SHALL BE RESPONSIBLE FOR APPROVAL OF CLASS A DIRECTORS AND ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION.
FORM 990, PART VI, SECTION B, LINE 11B	THE INFORMATION FOR FORM 990 IS PREPARED AND COMPILED BY THE FINANCE STAFF OF THE IOWA STATE UNIVERSITY FOUNDATION AND PROVIDED TO DELOITTE TAX LLP. AFTER INPUTTING THE DATA INTO THEIR TAX SOFTWARE, AN INITIAL DRAFT OF THE FORM 990 IS PROVIDED TO THE FOUNDATION FOR REVIEW BY THE CONTROLLER AND THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER. AFTER INCORPORATING ANY CHANGES AND COMPLETING THEIR REVIEW, DELOITTE TAX PROVIDES A FINAL DRAFT OF THE PUBLIC DISCLOSURE COPY OF THE FORM 990 FOR PRESENTATION TO THE ISU FOUNDATION AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO THE ISU FOUNDATION BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. THE FORM 990 IS THEN ELECTRONICALLY FILED WITH THE IRS BY DELOITTE TAX. THE PUBLIC DISCLOSURE COPY IS PROVIDED IN ORDER TO MORE THOROUGHLY PROTECT THE PRIVACY OF DONORS.
FORM 990, PART VI, SECTION B, LINE 12C	THE IOWA STATE UNIVERSITY FOUNDATION, ON AN ANNUAL BASIS, PROVIDES A COPY OF THE CONFLICT OF INTEREST POLICY TO ALL RESPONSIBLE PERSONS, INCLUDING THE BOARD OF DIRECTORS, COMMITTEE MEMBERS AND ALL EMPLOYEES WHO INFLUENCE THE ACTIONS OF THE ISU FOUNDATION. RESPONSIBLE PERSONS ARE ASKED TO REVIEW THE POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST AS OUTLINED IN THE POLICY ON AN ANNUAL BASIS. DISCLOSED CONFLICTS ARE REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND ARE HANDLED ON AN INDIVIDUAL BASIS. COMPLETED DISCLOSURE FORMS ARE RETAINED IN THE FOUNDATION'S PERMANENT FILE.
FORM 990, PART VI, SECTION B, LINE 15	ANY CHANGE TO COMPENSATION FOR THE PRESIDENT OF THE IOWA STATE UNIVERSITY FOUNDATION IS AUTHORIZED BY THE STAFF TALENT COMMITTEE OF THE BOARD OF DIRECTORS, ACTING AS THE ENTITY'S COMPENSATION COMMITTEE. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE STAFF TALENT COMMITTEE BASED UPON THE RECOMMENDATION OF THE CHAIR. THE CHAIR'S RECOMMENDATION IS BASED ON 1) GATHERING INFORMATION REGARDING COMPENSATION BEING PAID TO PERSONS IN COMPARABLE POSITIONS AROUND THE COUNTRY (PREPARED BY THE HUMAN RESOURCES ADMINISTRATOR), 2) SOLICITING A SELF-EVALUATION FROM THE PRESIDENT, TOGETHER WITH EVALUATIONS FROM ANYONE ELSE THE CHAIR DEEMS APPROPRIATE, 3) CONDUCTING A PERFORMANCE REVIEW WITH THE PRESIDENT AND ESTABLISHING NEW OBJECTIVES FOR THE YEAR, 4) COMPENSATION SURVEYS COMPLETED ANNUALLY, AND 5) EVALUATING WITH OTHER MEMBERS OF THE COMMITTEE THE PERFORMANCE IN LIGHT OF THE OBJECTIVES ESTABLISHED AT THE BEGINNING OF THE YEAR. COMPENSATION RELATED TO THE SENIOR LEADERSHIP TEAM IS DETERMINED BY THE PRESIDENT OF THE FOUNDATION, WHO IS ALSO ADVISED BY BOARD MEMBERS IN REGARDS TO QUALIFICATION STANDARDS. COMPENSATION INFORMATION FOR THE PRESIDENT IS SHARED WITH THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19	COPIES OF ALL OF THE ISU FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY CAN BE REQUESTED THROUGH THE ISU FOUNDATION OFFICE. THE FINANCIAL STATEMENTS AND TAX RETURNS FOR THE PAST THREE YEARS ARE ALSO PROVIDED ON THE ISU FOUNDATION'S WEBSITE.
FORM 990, PART VI, LINE 16B:	BECAUSE OF ITS PARTICIPATION IN VARIOUS INVESTMENTS THAT REQUIRE THE EXECUTION OF LIMITED PARTNERSHIP AGREEMENTS (SEE SCHEDULE D, PART VII), THE ISU FOUNDATION ANSWERS "YES" TO LINE 16A. HOWEVER, AS LINE 16B RELATES TO A TRUE JOINT VENTURE ARRANGEMENT WHEREBY THE ORGANIZATION NEGOTIATES WITH OTHER MEMBERS OF THE VENTURE (IN CONTRAST TO THE FOUNDATION'S PASSIVE INVESTMENT APPROACH), THIS LINE IS ANSWERED "NO."

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

IOWA STATE UNIVERSITY FOUNDATION

Employer identification number

42-1143702

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) FOUNDATION PROPERTIES 2505 UNIVERSITY BOULEVARD AMES,IA500102230 42-1143702	REAL ESTATE	IA	0	291,000	IOWA STATE UNIVERSITY FOUNDATION
(2) FORESTRY CAMP LLC 2505 UNIVERSITY BOULEVARD AMES,IA500102230 42-1143702	REAL ESTATE	IA	0	3,100,000	IOWA STATE UNIVERSITY FOUNDATION
(3) FOUNDATION VENTURES LCC 2505 UNIVERSITY BOULEVARD AMES,IA500102230 42-1143702	INVESTMENT	IA	0	0	IOWA STATE UNIVERSITY FOUNDATION

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)THE ORIGINAL UNIVERSITY FOUNDATION 2505 UNIVERSITY BOULEVARD AMES,IA500102230 42-0861651	SUPPORT	IA	501(C)(3)	L12 TYPE 1	IOWA STATE UNIVERSITY FOUNDATION	Yes
(2)IOWA STATE UNIVERSITY ACHIEVEMENT FUND 2505 UNIVERSITY BOULEVARD AMES,IA500102230 42-6059969	SUPPORT	IA	501(C)(3)	L12 TYPE 1	IOWA STATE UNIVERSITY FOUNDATION	Yes
(3)ISU FACILITIES CORPORATION 2505 UNIVERSITY BOULEVARD AMES,IA500102230 47-4757561	BOND ISSUANCE	IA	501(C)(3)	L12 TYPE 1	IOWA STATE UNIVERSITY FOUNDATION	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2019

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No
(1) CHARITABLE REMAINDER TRUSTS (48) 2505 UNIVERSITY BOULEVARD AMES,IA500102230	TRUST	IA		T				No

Schedule R (Form 990) 2019

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved
(1) CHARITABLE REMAINDER TRUSTS (1800198)	S	84,890
(2) CHARITABLE REMAINDER TRUSTS (1801037)	S	243,134

Schedule R (Form 990) 2019

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2019

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. (see instructions).

Return Reference

Explanation

SCHEDULE R, PART II:

THE IOWA STATE UNIVERSITY FOUNDATION WAS ESTABLISHED IN 1980 TO SERVE AS THE PRIMARY FUNDRAISING ORGANIZATION FOR IOWA STATE UNIVERSITY. THE ORIGINAL UNIVERSITY FOUNDATION AND THE IOWA STATE UNIVERSITY ACHIEVEMENT FUND WERE BOTH PREDECESSOR ORGANIZATIONS TO THE ISU FOUNDATION AND CONTINUE TO EXIST AS SEPARATE LEGAL ENTITIES. ANY ACTIVITY RELATING TO THE TWO PREDECESSOR ORGANIZATIONS IS TRANSFERRED IMMEDIATELY INTO THE ISU FOUNDATION. FOR FINANCIAL STATEMENT PURPOSES, ALL THREE ORGANIZATIONS ARE REPORTED ON A COMBINED BASIS DUE TO A COMMON BOARD OF DIRECTORS, COMMON MANAGEMENT, AND THE COMMON MISSION TO SUPPORT THE UNIVERSITY. THE ISU FACILITIES CORPORATION IS A RELATED TAX-EXEMPT ORGANIZATION, ESTABLISHED PRIMARILY TO ISSUE REVENUE BONDS TO ASSIST IN FUNDING CONSTRUCTION PROJECTS AT THE UNIVERSITY. THE BONDS ARE PAYABLE SOLELY FROM THE LEASE PAYMENTS PAID BY THE UNIVERSITY FOR THE FACILITIES AND UPON REPAYMENT OF THE BONDS, OWNERSHIP OF THE FACILITIES TRANSFER TO THE UNIVERSITY. FOR FINANCIAL STATEMENT PURPOSES, THE ISU FACILITIES CORPORATION ACTIVITY IS REPORTED IN IOWA STATE UNIVERSITY'S FINANCIAL STATEMENTS.

Schedule R (Form 990) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	17
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	17
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	448
6	Total number of volunteers (estimate if necessary) .............	6	198
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	-3,264,233
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	-3,423,191

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	145,041,131	128,662,798
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	12,986,884	58,087
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,779,731	3,394,798
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	160,807,746	132,115,683
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	118,656,499	100,697,998
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	13,005,657	14,002,939
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 15,585,960
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	13,906,228	12,314,603
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	145,568,384	127,015,540
19	Revenue less expenses. Subtract line 18 from line 12.......	15,239,362	5,100,143
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,341,412,954	1,353,978,392
21	Total liabilities (Part X, line 26).............	53,409,047	46,967,760
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,288,003,907	1,307,010,632

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 34,197,589 including grants of $ 34,197,589 ) (Revenue $ 849,049 )
	STUDENT SUPPORT: IOWA STATE UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED MORE THAN $34 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, LOANS AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED BOTH MERIT- AND NEED-BASED SCHOLARSHIP ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATION OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. IN 2020, OVER 6,900 STUDENTS RECEIVED SCHOLARSHIPS FUNDED BY PRIVATE GIFT SUPPORT.

4b	(Code: ) (Expenses $ 28,839,818 including grants of $ 28,839,818 ) (Revenue $ 723,656 )
	FACULTY AND PROGRAM SUPPORT: WITH NEARLY $29 MILLION FROM THE IOWA STATE UNIVERSITY FOUNDATION, UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN THE WORLD-CLASS FACULTY WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS. DURING 2020, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS AND FELLOWSHIPS) WAS 215.

4c	(Code: ) (Expenses $ 37,349,124 including grants of $ 37,349,124 ) (Revenue $ 927,295 )
	FACILITIES: THE FOUNDATION PROVIDED MORE THAN $37 MILLION TO THE UNIVERSITY IN SUPPORT OF NEW BUILDING CONSTRUCTION, RENOVATION AND EQUIPMENT NEEDS. STATE-OF-THE-ART FACILITIES HELP THE UNIVERSITY ATTRACT HIGH-QUALITY FACULTY AND STUDENTS. THESE FACILITIES PROVIDE SPACE, ENVIRONMENTS, AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVELS OF TEACHING, LEARNING AND RESEARCH. PRIVATE GIFT SUPPORT ASSISTED IN FUNDING OF THE STUDENT INNOVATION CENTER, THE GERDIN BUILDING ADDITION, THE ATHLETICS PERFORMANCE CENTER, AND MORE.

	(Code: ) (Expenses $ 307,244 including grants of $ 307,244 ) (Revenue $ )
	NONCASH GRANTS

	(Code: ) (Expenses $ 4,223 including grants of $ 4,223 ) (Revenue $ )
	ISU FACILITIES CORPORATION FEES

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 311,467 including grants of $ 311,467 ) (Revenue $ )
4e	Total program service expenses100,697,998

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)				(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) LARISSA HOLTMYER JONES........................................................................ PRESIDENT AND CEO	40.00 .......................0.00	X			417,391	0	47,527
(19) LISA ESLINGER........................................................................ CHIEF FINANCIAL/ADMIN OFFICER	40.00 .......................1.00	X			234,329	0	41,193
(20) JEREMY GALVIN........................................................................ VP FOR DEVELOPMENT	40.00 .......................0.00		X		228,464	0	35,426
(21) STEVE BIEVER........................................................................ VP FOR DEVELOPMENT	40.00 .......................0.00		X		227,447	0	42,377
(22) KELLY HANFELT........................................................................ ASSISTANT VP OF DEVELOPMENT	40.00 .......................0.00			X	149,684	0	35,226
(23) MICHAEL WAHLIN........................................................................ ASSISTANT VP OF INVESTMENTS	40.00 .......................1.00			X	140,880	0	34,316
(24) ROBERT KINSEY........................................................................ ASSISTANT VP OF DEVELOPMENT	40.00 .......................0.00			X	138,234	0	36,161
(25) ROSA UNAL........................................................................ ASSOC VP/CHIEF INFO OFFICER	40.00 .......................0.00			X	165,651	0	36,978
(26) RYAN HARMS........................................................................ EXEC DIR OF DEVELOPMENT	40.00 .......................0.00			X	129,973	0	31,285

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	1,832,053	0	340,489

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	128,662,798

g	Noncash contributions included in lines 1a - 1f:$		1g	24,952,915

h Total. Add lines 1a-1f.......		128,662,798

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,740,499		-3,264,233	5,004,732
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........			3,791			3,791
		(ii) Personal	(i) Real
6a	Gross rents		229,156	6a
b	Less: rental expenses		0	6b
c	Rental income or (loss)		229,156	6c
d	Net rental income or (loss).......			229,156			229,156
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	121,048	107,485,126	7a
b	Less: cost or other basis and sales expenses	139,130	109,149,456	7b
c	Gain or (loss)	-18,082	-1,664,330	7c
d	Net gain or (loss).........			-1,682,412			-1,682,412
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	ADMINISTRATIVE FEE		541900	2,500,000	2,500,000
b	OTHER		900099	661,851			661,851
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			3,161,851
12	Total revenue. See instructions.....			132,115,683	2,500,000	-3,264,233	4,217,118

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	100,697,998	100,697,998
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	1,266,060		337,150	928,910
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	9,738,841		1,738,232	8,000,609
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	920,218		168,515	751,703
9	Other employee benefits .......	1,358,558		325,983	1,032,575
10	Payroll taxes ...........	719,262		138,603	580,659
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	84,163		84,163
c	Accounting ...........	147,782		147,782
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	5,401,119		5,401,119
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	1,071,425		634,512	436,913
12	Advertising and promotion ....	187,831			187,831
13	Office expenses .......	1,052,315		454,578	597,737
14	Information technology ......	1,308,689		408,744	899,945
15	Royalties ..
16	Occupancy ...........	269,645		269,645
17	Travel ............	591,878		136,143	455,735
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	472,409		65,597	406,812
20	Interest ...........	69,548		69,548
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	244,414		244,414
23	Insurance ...	92,017		92,017
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	ANNUITY PAYMENTS	1,306,531			1,306,531
b	MISCELLANEOUS EXPENSES	14,837		14,837
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	127,015,540	100,697,998	10,731,582	15,585,960
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			3,808,183	2	3,991,116
3	Pledges and grants receivable, net ......			141,160,910	3	123,871,109
4	Accounts receivable, net .............				4
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			1,094,382	7	870,647
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	16,583,066
b	Less: accumulated depreciation	10b	3,124,329	12,889,030	10c	13,458,737
11	Investments—publicly traded securities .			401,041,478	11	247,680,102
12	Investments—other securities. See Part IV, line 11 .....			755,028,782	12	929,592,868
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			26,390,189	15	34,513,813
16	Total assets. Add lines 1 through 15 (must equal line 33)...			1,341,412,954	16	1,353,978,392

17	Accounts payable and accrued expenses .....	1,058,861	17	1,543,787
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........	1,788,052	20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23	1,656,154
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	50,562,134	25	43,767,819
26	Total liabilities. Add lines 17 through 25..	53,409,047	26	46,967,760

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	32,611,422	27	37,711,563
28	Net assets with donor restrictions ...........	1,255,392,485	28	1,269,299,069
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	1,288,003,907	32	1,307,010,632
33	Total liabilities and net assets/fund balances ........	1,341,412,954	33	1,353,978,392

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No